Carbon Revolution Public Ltd Co Warrant Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Carbon Revolution Public Ltd Co Warrant stock price fell more than -7.05% Wednesday closing at $0.0290
(Updated on Jun 26, 2024)
The Carbon Revolution Public Ltd Co Warrant stock price fell by -7.05% on the last day (Wednesday, 26th Jun 2024) from $0.0312 to $0.0290. During the last trading day the stock fluctuated 7.59% from a day low at $0.0290 to a day high of $0.0312. The price has fallen in 5 of the last 10 days and is down by -26.58% for this period. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 thousand shares were bought and sold for approximately $743.73 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -57.50% during the next 3 months and, with a 90% probability hold a price between $0.0066 and $0.0166 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CREVW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carbon Revolution Public Ltd Co Warrant stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0307 and $0.0477. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -46.69%. Further fall is indicated until a new bottom pivot has been found. Carbon Revolution Public Ltd Co Warrant gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Carbon Revolution Public Ltd Co Warrant stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0022 between high and low, or 7.59%. For the last week, the stock has had daily average volatility of 8.40%.
Carbon Revolution Public Ltd Co Warrant is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $0.0274 (-5.59%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 14 which reduces the risk some. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (CREVW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Carbon Revolution Public Limited Company Warrant to open at $0.0297, and during the day (based on 14 day Average True Range), to move between $0.0200 and $0.0380, which gives a possible trading interval of +/-$0.0090 (+/-31.16%) up or down from last closing price. If Carbon Revolution Public Limited Company Warrant takes out the full calculated possible swing range there will be an estimated 62.32% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0309, some $0.0019 (6.55%) from the current price of $0.0290, our system finds the risk reward not very attractive.
Is Carbon Revolution Public Limited Company Warrant stock A Buy?
Carbon Revolution Public Ltd Co Warrant holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Carbon Revolution Public Limited Company Warrant of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0297 ( 2.53%) | $0.0290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CREVW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0319 | 10.11% |
| R2 | 0.0311 | 7.22% |
| R1 | 0.0306 | 5.43% |
| Price | 0.0290 | |
| S1 | 0.0289 | -0.369% |
| S2 | 0.0284 | -2.16% |
| S3 | 0.0275 | -5.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0354 | 22.07% |
| R2 | 0.0318 | 9.66% |
| R1 | 0.0309 | 6.55% |
| Price | 0.0290 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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